Glossary entry (derived from question below)
Dutch term or phrase:
eigenwoningreserve
English translation:
home equity reserve (sale proceeds minus current mortgage loan); equity [tied up] in house, etc.
Added to glossary by
Emma Rault (X)
Sep 5, 2015 20:43
8 yrs ago
3 viewers *
Dutch term
eigenwoningreserve
Dutch to English
Bus/Financial
Law: Taxation & Customs
i.e. overwaarde oude woning tov nieuwe woning, cf. http://www.belastingdienst.nl/wps/wcm/connect/bldcontentnl/b...
How on Earth would one translate this?
How on Earth would one translate this?
Proposed translations
(English)
| 3 | home equity reserve (sale proceeds minus current mortgage loan); equity [tied up] in house, etc. |
Michael Beijer
|
| 4 +2 | (AmE) home > (BrE) home-owner's > equity |
Adrian MM. (X)
|
Change log
Sep 5, 2015 20:43: changed "Kudoz queue" from "In queue" to "Public"
Proposed translations
25 mins
Michael Beijer
United Kingdom
United Kingdom
Native in English
United Kingdom
Experienced technical/patent translator
Native in: English (Variants: British, US) 
Works in: Dutch to English, Flemish to English, English to Dutch, and 2 more.
Related KudoZ points
:
15
Selected
home equity reserve (sale proceeds minus current mortgage loan); equity [tied up] in house, etc.
see e.g.:
JurLex:
eigenwoningreserve =
home equity reserve (sale proceeds minus current mortgage loan)
FELOnline:
overwaarde op woningen [eigenwoningreserve] [overwaarde in het huis]
equity [tied up] in houses
equity in residential properties
equity available in the home
surplus value of home collateral
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Note added at 28 mins (2015-09-05 21:11:28 GMT)
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"eigen woningreserve
Soms ook overwaarde genoemd, maar de twee begrippen zijn in werkelijkheid niet identiek.
Een eigenwoningreserve ontstaat bij de verkoop van een woning en is gelijk aan de verkoopprijs minus de op dat moment bestaande hypothecaire lening.
Als de eiegenwoningreserve positief is (wat vrijwel altijd het geval is) wordt het desbetreffende bedrag afgetrokken van de hypotheekrenteaftrek.
De regeling vervalt na 5 jaar." (http://www.dfbonline.nl/begrip/12096/eigenwoningreserve )
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Note added at 1 hr (2015-09-05 21:58:38 GMT)
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JurLex:
overwaarde =
surplus value, excess value
(m.b.t. pand) equity
de overwaarde contant maken =
to convert the equity into cash
de overwaarde van de woning omzetten in een hogere hypothecaire lening =
to convert the equity in the house into a higher mortgage loan
de overwaarde van het pand =
the equity in the property
FELOnline:
overwaarde in de eigen woning verzilveren; overwaarde van woningen contant maken =
release of equity in owner-occupied housing
home equity release
release the equity in residential properties
release surplus value in homes
unlock the surplus value in one's home
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Note added at 1 hr (2015-09-05 22:03:08 GMT)
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@Emma: imo JurLex & FELOnline are absolutely indispensable for anyone translating nl-en legal/financial/insurance/business stuff. unless of course you have actual, real-world experience (like right-a-wrong), which I don't.
--------------------------------------------------
Note added at 1 hr (2015-09-05 22:09:43 GMT)
--------------------------------------------------
@Emma: Incidentally, if you ever plan to get JurLex, contact me privately, as I get it every year, but second subscriptions are cheaper, so it's cheaper to get it together.
see: https://dl.dropboxusercontent.com/u/6802597/Screenshots/JurL... (http://www.wolterskluwer.nl/shop/online/juridisch-economisch... )
JurLex:
eigenwoningreserve =
home equity reserve (sale proceeds minus current mortgage loan)
FELOnline:
overwaarde op woningen [eigenwoningreserve] [overwaarde in het huis]
equity [tied up] in houses
equity in residential properties
equity available in the home
surplus value of home collateral
--------------------------------------------------
Note added at 28 mins (2015-09-05 21:11:28 GMT)
--------------------------------------------------
"eigen woningreserve
Soms ook overwaarde genoemd, maar de twee begrippen zijn in werkelijkheid niet identiek.
Een eigenwoningreserve ontstaat bij de verkoop van een woning en is gelijk aan de verkoopprijs minus de op dat moment bestaande hypothecaire lening.
Als de eiegenwoningreserve positief is (wat vrijwel altijd het geval is) wordt het desbetreffende bedrag afgetrokken van de hypotheekrenteaftrek.
De regeling vervalt na 5 jaar." (http://www.dfbonline.nl/begrip/12096/eigenwoningreserve )
--------------------------------------------------
Note added at 1 hr (2015-09-05 21:58:38 GMT)
--------------------------------------------------
JurLex:
overwaarde =
surplus value, excess value
(m.b.t. pand) equity
de overwaarde contant maken =
to convert the equity into cash
de overwaarde van de woning omzetten in een hogere hypothecaire lening =
to convert the equity in the house into a higher mortgage loan
de overwaarde van het pand =
the equity in the property
FELOnline:
overwaarde in de eigen woning verzilveren; overwaarde van woningen contant maken =
release of equity in owner-occupied housing
home equity release
release the equity in residential properties
release surplus value in homes
unlock the surplus value in one's home
--------------------------------------------------
Note added at 1 hr (2015-09-05 22:03:08 GMT)
--------------------------------------------------
@Emma: imo JurLex & FELOnline are absolutely indispensable for anyone translating nl-en legal/financial/insurance/business stuff. unless of course you have actual, real-world experience (like right-a-wrong), which I don't.
--------------------------------------------------
Note added at 1 hr (2015-09-05 22:09:43 GMT)
--------------------------------------------------
@Emma: Incidentally, if you ever plan to get JurLex, contact me privately, as I get it every year, but second subscriptions are cheaper, so it's cheaper to get it together.
see: https://dl.dropboxusercontent.com/u/6802597/Screenshots/JurL... (http://www.wolterskluwer.nl/shop/online/juridisch-economisch... )
Note from asker:
| Gosh JurLex is pretty amazing, it looks like I might have to invest in it. . . I've been hemming and hawing because it's not my usual specialism, but it is incredibly helpful. . . |
| Too late for this particular job unfortunately, so I may have to bug you guys for another dilEMMA or two as I speed full steam ahead towards my deadline ;-) But it's good to learn, through this forum, just how spot-on JurLex is about many of these things, it's making me realise it will be worth investing in. |
| That would be fantastic , re JurLex! I will certainly be in touch! |
Peer comment(s):
| neutral |
Barend van Zadelhoff
: number of site:uk G-hits = 1 //De vraagterm is 'eigenwoningreserve', Michael. And 'homeowner's equity' sounds good, is straightforward, is an elegant solution: 'eigen woning' 'home owner'. Really nice.
11 mins
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|
haal die "reserve" gewoon weg bij "home equity reserve" en probeer nog eens. of Google: "equity [tied up] in house" / Barend, I'm not arguing with you. I agree with Adrian.
|
4 KudoZ points awarded for this answer.
Comment: "Het is een specifiek Nederlandse belastingconstructie, geen wonder dat er op het Engelse web niet veel over te vinden is. Ik geef de voorkeur aan de vertaling van JurLex, heb hier nog in mijn eigen woorden een uitleg aan toegevoegd, aangepast op de context (nl. inperking van hypotheekrenteaftrek). Does the job nicely, I should think."
+2
32 mins
(AmE) home > (BrE) home-owner's > equity
Michael B. beat me to it. But I am still going to post my own 'spin' on the idea.
Peer comment(s):
| agree |
Barend van Zadelhoff
: http://www.ratepromortgage.com/121-homeowners-equity# Seems more convincing. // Also see reference. // Probably because your name does not end in 'End'. :-)
9 mins
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Dank U and thank you. I have eschewed the word reserve.//No. That would be the end of me, with a 'chequered past' in Amsterdam and Friesland.
|
|
| agree |
Michael Beijer
: yeah, probably better sans "reserve"
44 mins
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|
Indeed.
|
Reference comments
45 mins
Barend van Zadelhoff
Netherlands
Netherlands
Native in Dutch
Netherlands
TR is the most intimate act of reading.
Native in: Dutch
Works in: English to Dutch, Dutch to English, Dutch
Related KudoZ points
:
4
Reference:
Homeowner Loans
Homeowner loans or popularly known as simply secured loans are long term loans that subject one’s home equity as collateral. This type of loan is commonly used for big expenses such as home renovation, vehicle purchase, or debt consolidation. Because of the typically high amount of money involved, this loan is repayable between one and twenty five years.
You may be able to borrow between £10,000 and £100,000 depending on your homeowner’s equity. Equity is defined as the homeowner’s total interest in the property as a result of the difference between the market value and any outstanding mortgage balance or secured debt against the property. Before your loan is approved, the lender will have to check for its real value, as well if there are any other loans secured against it. If there is, your interest rates can become higher.
Homeowner loans are also known as second mortgage. This is because the homeowner loan company is second in line to collect debt repayments, next to the mortgage company, should the borrower defaults that would end up in repossession and sale of the property.
http://www.badcreditloans365.co.uk/homeowner-loans.html
Homeowner loans or popularly known as simply secured loans are long term loans that subject one’s home equity as collateral. This type of loan is commonly used for big expenses such as home renovation, vehicle purchase, or debt consolidation. Because of the typically high amount of money involved, this loan is repayable between one and twenty five years.
You may be able to borrow between £10,000 and £100,000 depending on your homeowner’s equity. Equity is defined as the homeowner’s total interest in the property as a result of the difference between the market value and any outstanding mortgage balance or secured debt against the property. Before your loan is approved, the lender will have to check for its real value, as well if there are any other loans secured against it. If there is, your interest rates can become higher.
Homeowner loans are also known as second mortgage. This is because the homeowner loan company is second in line to collect debt repayments, next to the mortgage company, should the borrower defaults that would end up in repossession and sale of the property.
http://www.badcreditloans365.co.uk/homeowner-loans.html
Discussion
Yes, appreciation in value is exactly what it's about. "Surplus value" seems clunky to me but "equity" seems vague. Damned if you do, damned if you don't.
NB it's a bridging rather than bridge facilty in the UK.
My own hunch again is that this is an 'appreciation in value' scenario and think that 'surplus value' is dictionary-driven/-drivel.
I believe that 'equity' is an Anglo-American weasel-word that has up to 5 different legal and financial meanings, inc. equity share capital, so no harm in a liberal sprinkling of the term.
Also I can't rule out 'overvaluation' vs. undervaluation or positive vs. negative goodwill in a trade context.
But now that we're talking about overwaarde as equity vs. surplus value:
which would you argue is clearest?
I.e., when you're talking about a bridge credit facillity,
is the amount based on
A) the equity in the old property
or B) the excess value of the old property
?
1. Situatie waarin de werkelijke prijs (marktprijs) hoger is dan de reele waarde. Het verschil is de overwaarde.
2. Situatie waarin de waarde van een effect of derivaat boven de theoretische waarde of intrinsieke waarde ligt.
3. Onroerend goed: situatie waarin de taxatiewaarde van een pand hoger is dan de op dat pand verstrekte hypotheeklening. Het pand is meer waard dan de hypotheekschuld: het verschil is dan de overwaarde. Door hypotheekaanbieders wordt regelmatig reclame gemaakt voor het 'benutten van overwaarde'; bedoeld wordt dan het lenen van extra geld met het huis als ondemand.
Zie ook: verzilverhypotheek; koop-en-huur-terug-constructie.
Engels: overvalue." (http://www.dfbonline.nl/begrip/4407/overwaarde )
It seems "overwaarde" and "eigenwoningreserve" are not synonymous.
Soms ook overwaarde genoemd, maar de twee begrippen zijn in werkelijkheid niet identiek.
Een eigenwoningreserve ontstaat bij de verkoop van een woning en is gelijk aan de verkoopprijs minus de op dat moment bestaande hypothecaire lening.
Als de eiegenwoningreserve positief is (wat vrijwel altijd het geval is) wordt het desbetreffende bedrag afgetrokken van de hypotheekrenteaftrek.
De regeling vervalt na 5 jaar." (http://www.dfbonline.nl/begrip/12096/eigenwoningreserve )
...